Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 13 pip movement on GBPUSD for the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is < -12 Historical events that allowed us to draw this conclusion

21 Aug 09:01

24 Jul 09:01

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).